What You Should Know About Vehicle Insurance Scams
There are lots of different scams out there and it is an unfortunate reality that we live in a world where people spend their days thinking up schemes to cheat us of out our money. California automobile insurance is getting a bad rap due to all of the counterfeit automobile insurance schemes that are out there. One escalating automobile insurance scam involves the sale of “cheap” auto insurance to unsuspecting buyers. The auto insurance looks real but in reality it is coverage that’s invalid or doesn’t exist. This article should help you be aware of the different types of vehicle insurance scams that are out there.
One of the most common vehicle insurance scams is an individual pretending to be a licensed auto insurance agent or broker. This person charges a fee to prepare a quote for you. The quotes for the auto insurance coverage are at a rate significantly less than what you’re presently paying or have been quoted.
The fake insurance broker now has all of your personal information including your driving history. This individual now calls a licensed insurance company for an auto insurance quote and pretends to be you. To get a lower rate he or she’ll state that you belong to a group that is eligible for a discount or will omit your accidents or traffic violations. You then proceed to pay your premium directly to the insurance company and receive a proof of insurance coverage.
You’ll be happy thinking you now have cheap automobile insurance. Nevertheless, you need to comprehend that no licensed insurance agent or broker can ever charge a fee. Your insurance coverage is invalid as the information that was given to the company is false.
You should also know about another type of vehicle insurance scam. This scam is marketing offers for cheap automobile insurance premiums. They’ll advertise stating that the coverage rates are significantly lower than the insurance you now have. Sometimes they may even offer free auto insurance for a period of time, say, “The first three months free.
You are provided with a phone number in the in the marketing materials. You call that number and then you are provided with a quote. To accept the quote you’re asked to remit either a partial or full payment through a transfer or money wiring service. There might even be an option to meet in person so that you can pay in cash or with a cashiers check.
Now you are happy assuming that you have a great deal on insurance. You’ll be shocked to know that in reality the policy was never issued. The scam person pocketed your payment.
They will say that there’s no free lunch to sound good…You should not forget that driving without valid auto insurance is against the law. Therefore, you should ensure that you’ve valid auto insurance. I am sure you will not want to find out that you do not have valid auto insurance when involved in an auto accident or by being pulled over by the police.
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